Press release
Lawsuit filed for Investors in shares of Cintas Corporation (NASDAQ: CTAS)
A lawsuit was filed on behalf of investors in Cintas Corporation (NASDAQ: CTAS) shares over alleged securities laws violations.
Investors in shares of Cintas Corporation (NASDAQ: CTAS) have certain options and for certain investors are short and strict deadlines running. Deadline: February 10, 2020. NASDAQ: CTAS investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On November 13, 2019, a research report was published about Cintas. According to the report, Cintas' Fire Protection Services directed workers to conduct fire and safety inspections without appropriate licenses and permits, and also falsified inspections. These practices reportedly led to fraud charges.
The plaintiff claims that between March 6, 2017 and November 13, 2019, the defendants made false and/or misleading statements and/or failed to disclose that Cintas never tracked legacy margins following the G&K acquisition, that the Company has systematically provided guidance with which it would outperform (a “Beat and Raise” scheme), that undisclosed to the investing public, the Company has breached the law multiple times, that as a result of publicly known and undisclosed breaches of law, the Company’s Credit Agreement may be jeopardized, and that as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased shares of Cintas Corporation (NASDAQ: CTAS) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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